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ly and time consuming ? No guarantee that employers will respond to survey ? Private sector data hard to obtain ? Defining Total Compensation ? Employees’ Perceptions and Values ? Quantifying Total Compensation ? Case Study— State of Arizona Discussion Outline 19 Case Study: State of Arizona Government ?Legislative requirement to conduct market study based on total pensation, including: ? Salaries ? Paid time off ? Health benefit costs ? Dental benefit costs ? Life amp。 Disability insurance ? Retirement benefits ?Comparative markets defined as: ? Other state governments in the region ? Local governments within the State (cities and counties) ? Large private sector anizations within the State 20 Case Study: State of Arizona Government ?Data Sources Used: Ma rk e t S e c to r D i re c t C o mp e n s a t i o n D a ta S o u rc e s I n d i re c t C o mp e n s a t i o n D a ta S o u rc e s S tate Go v e rn me n ts ? ? P u b l i sh e d su rv e y d a t a (st a t e s wi t h i n t h e reg i o n ) ? ? C u sto m su rv e y (st a t e s wi t h i n t h e reg i o n ) L o c a l Go v e rn me n ts ? ? P u b l i sh e d su rv e y d a t a (go ve rn me n t s wi t h i n t h e S t a t e ) ? ? C u sto m su rv e y (go ve rn me n t s wi t h i n t h e S t a t e ) P ri v a te S e c tor ? ? P u b l i sh e d su rv e y d a t a (w i t h a t l e a st 1 , 0 0 0 e mp l o ye e s) ? ? S e g a l C o mp a n y cl i e n t d a t a b a se ? ? P u b l i sh e d su rv e y d a t a 21 Case Study: State of Arizona Government ?Direct pensation measurements ? Actual average base salaries ? 51 benchmark job titles ? Value of paid time off (accrued days x the daily pay rate) ?Indirect pensation measurements ? Blended rate for health and dental benefits (based on enrollment) ? Life amp。 disability insurance cost (based on premium rate and salary) ? Retirement contribution rates and social security costs 22 Case Study: State of Arizona Government COST MODEL E le m ent s of T ot al Co mp ensa t ion O t her S t ate G ov t s Lo ca l G ov t s P r iv ate S ec t or O v er al l A v er age S t ate of AZ Dir ec t Co mp ensa t ion $ $ $ $ $ P a y f or T i m e W o r k ed $ $ $ $ $ V al ue of P ai d T i m e O ff $ $ $ $ $ S ub t ot al Ind ir ec t C om p ensa t ion Me d i c al / Den t al Costs $ $ $ $ $ Li f e amp。 D i s ab i l i t y $ $ $ $ $ Reti r em en t $ $ $ $ $ S ub t ot al T ot al Com p Co sts $ $ $ $ $ 23 Case Study: State of Arizona Government STEP 1—SALARIES S e le c ted Be n c hma r k s O th e r S tate G ov ts Lo c a l G ov ts P r iv a te S e c to r O v e r a ll A v e r a ge S tate of AZ B u y e r $ 4 5 , 1 1 3 $ 4 2 , 7 6 2 $ 4 3 , 9 4 3 $ 4 3 , 9 3 9 $ 2 8 , 0 7 7 IT S p e c i a l i s t $ 5 2 , 3 7 2 $ 5 3 , 4 6 8 $ 5 4 , 3 4 5 $ 5 3 , 3 9 5 $ 4 0 , 1 6 9 ….. ….. ….. ….. ….. ….. ….. ….. ….. ….. ….. ….. P a rk Ra n g e r $ 3 4 , 5 1 5 $ 3 3 , 2 0 3 NM $ 3 3 ,